A recent United Nations report titled “A World of Debt” highlights the severity of the global debt crisis, urging immediate action to address the issue.
The report reveals that global public debt reached an all-time high of $92 trillion in 2022, with 30% of that burden falling on developing nations. Secretary-General Antonio Guterres warns that 52 countries, nearly 40% of the developing world, are in serious debt trouble, adversely affecting their ability to invest in crucial sectors like education and healthcare.
The UN emphasizes the need for multilateral efforts to combat the crisis.
